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Located in highly desirable North Laguna Beach, 437 Cypress Drive is a well-positioned coastal multifamily investment property comprising five rentable units in one of Southern California's most supply-constrained rental markets. The property is situated on an approximately 5,900 sq ft R3-zoned lot and benefits from a strong rental history and close proximity to beaches, downtown Laguna Beach, dining, shopping, and cultural attractions. The asset features a diverse and flexible unit mix, including two larger three-bedroom residences suitable for owner-occupancy or premium rentals, along with two studios and a one-bedroom unit that appeal to long-term tenant demand. The property has been well maintained and thoughtfully updated during the current owner's tenure, including the remodel of the owner's ocean-view quarters, reflecting pride of ownership and long-term stewardship. Property amenities include private outdoor spaces, garage parking, in-unit and on-site laundry, community storage, and shared outdoor gathering and barbecue areas. With classic cottage architecture, efficient floor plans, and a convenient North Laguna location near Heisler Park and Main Beach, this five-unit property offers durable leasing demand and long-term value. Long-term ownership, consistent upkeep, and recent improvements enhance the appeal for an owner-user or long-term investor seeking stable income, tax advantages, and ongoing equity growth.
| DAYS ON MARKET | 81 | LAST UPDATED | 1/26/2026 |
|---|---|---|---|
| YEAR BUILT | 1956 | COMMUNITY | NL - North Laguna |
| GARAGE SPACES | 2.0 | COUNTY | Orange |
| STATUS | Active | PROPERTY TYPE(S) | Residential Income |
| ADDITIONAL DETAILS | |
| AREA | NL - North Laguna |
|---|---|
| GARAGE | Yes |
| LOT | 5911 sq ft |
| LOT DIMENSIONS | 5910 |
| PARKING | Driveway, Garage |
| POOL DESCRIPTION | None |
| SEWER | Public Sewer |
| STORIES | 2 |
| STYLE | CapeCod, Cottage |
| WATER | Public |
TOTAL MONTHLY PAYMENT
| SATELLITE VIEW |
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Based on information from California Regional Multiple Listing Service, Inc. as of 4/7/26 7:53 AM PDT and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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